In a recent episode of CNBC’s ‘Mad Money Lightning Round,’ Jim Cramer provided his take on several companies, highlighting both positive and negative trends.
While Cramer expressed limited knowledge of Federated Hermes, an investment management company, he was particularly enthusiastic about Motorola Solutions. He lauded the company’s strong position in two-way radios, bar code technology, and government infrastructure projects, noting its consistent profitability. This positive sentiment was echoed by Jefferies analyst George Notter, who maintained a Buy rating and raised the price target for Motorola Solutions on September 3rd.
On the other hand, Cramer voiced his lack of interest in Gerdau, a major steel producer in the Americas. He suggested that investors seeking exposure to the steel sector should consider Nucor, the largest steel producer in the U.S., instead. Gerdau’s recent financial performance has been lackluster, with second-quarter sales and adjusted net income both declining compared to the previous year.
Cramer also expressed concern over Domino’s Pizza, citing a recent decline in stock price due to the company’s underperformance in overseas markets. He highlighted the discovery of a weak franchise that missed its sales targets, raising concerns about Domino’s control over its global operations. This sentiment was shared by Baird analyst David Tarantino, who maintained an Outperform rating but lowered the price target for Domino’s Pizza on September 12th.
The stock market reacted to these insights, with Motorola Solutions shares rising 0.7% on Friday, while Domino’s shares dropped 0.5%. Federated Hermes and Gerdau shares also saw gains, rising 1.5% and 1.5%, respectively.
